Eicher Motors Shares Hit Record High on Royal Enfield Sales Surge, Q3 Profit Jumps 21%

• Eicher Motors shares surged over 6% to a new record high, driven by strong Royal Enfield sales and better-than-expected Q3 results.
• Consolidated net profit for Q3 FY25 increased by 21.37% to Rs 1,420.61 crore, with total operational income rising to Rs 6,114.04 crore.
• Royal Enfield motorcycle sales jumped 21% to 3,25,773 units; VECV also recorded its best-ever Q3 sales with 26,086 vehicles.
• Company approved Rs 958 crore investment in Tamil Nadu plant to boost annual production capacity from 14.6 lakh to 20 lakh units.
• Brokerages like UBS and Jefferies raised target prices, with an average target of Rs 7,500, though some analysts like Motilal Oswal maintain a 'sell' rating.